Agency problems can best be characterized as:

$($A$)$ dislike of firm's bondholders by its equity holders.

B differing incentives between managers and owners.

C$)$ spending of corporate resources.

$($D$)$ friction between the primary and secondary markets

$($E$)$ None of the above

Question $4$

$2$ Point

Ten years ago, Jackson Supply set aside $$125,000$ in case of a financial emergency. Today, that account has increased ir